Pine Valley Investments Ltd Liability Co Acquires 13,492 Shares of Nucor Co. (NYSE:NUE)

Pine Valley Investments Ltd Liability Co grew its holdings in Nucor Co. (NYSE:NUE) by 70.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 32,529 shares of the basic materials company’s stock after purchasing an additional 13,492 shares during the quarter. Pine Valley Investments Ltd Liability Co’s holdings in Nucor were worth $3,803,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of NUE. Widmann Financial Services Inc. raised its stake in Nucor by 4.0% in the third quarter. Widmann Financial Services Inc. now owns 1,800 shares of the basic materials company’s stock worth $271,000 after buying an additional 70 shares in the last quarter. Salomon & Ludwin LLC increased its holdings in shares of Nucor by 45.6% in the 3rd quarter. Salomon & Ludwin LLC now owns 230 shares of the basic materials company’s stock valued at $35,000 after acquiring an additional 72 shares during the period. First Trust Direct Indexing L.P. raised its position in shares of Nucor by 1.4% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 5,467 shares of the basic materials company’s stock worth $822,000 after acquiring an additional 74 shares in the last quarter. Citizens Financial Group Inc. RI lifted its stake in shares of Nucor by 1.7% during the 3rd quarter. Citizens Financial Group Inc. RI now owns 4,629 shares of the basic materials company’s stock worth $696,000 after purchasing an additional 79 shares during the last quarter. Finally, TCI Wealth Advisors Inc. boosted its position in Nucor by 4.4% during the fourth quarter. TCI Wealth Advisors Inc. now owns 2,157 shares of the basic materials company’s stock valued at $252,000 after purchasing an additional 91 shares in the last quarter. Hedge funds and other institutional investors own 76.48% of the company’s stock.

Nucor Price Performance

Shares of NUE opened at $136.18 on Tuesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.51 and a quick ratio of 1.48. The company’s fifty day moving average price is $125.43 and its 200-day moving average price is $139.71. Nucor Co. has a 1-year low of $112.25 and a 1-year high of $203.00. The firm has a market capitalization of $31.98 billion, a PE ratio of 16.19, a price-to-earnings-growth ratio of 0.96 and a beta of 1.60.

Nucor (NYSE:NUE) last posted its quarterly earnings results on Monday, January 27th. The basic materials company reported $1.22 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.28. Nucor had a return on equity of 9.85% and a net margin of 6.60%. During the same quarter in the prior year, the firm posted $3.16 EPS. On average, equities research analysts predict that Nucor Co. will post 7.64 EPS for the current year.

Nucor Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 12th. Investors of record on Monday, March 31st will be issued a $0.55 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $2.20 annualized dividend and a yield of 1.62%. Nucor’s dividend payout ratio (DPR) is presently 26.16%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. UBS Group reiterated a “neutral” rating and issued a $156.00 target price (down from $171.00) on shares of Nucor in a report on Thursday, December 12th. StockNews.com upgraded shares of Nucor from a “sell” rating to a “hold” rating in a research note on Wednesday, February 12th. JPMorgan Chase & Co. lowered their target price on shares of Nucor from $152.00 to $150.00 and set an “overweight” rating for the company in a research note on Wednesday, January 29th. The Goldman Sachs Group assumed coverage on Nucor in a research report on Monday, December 2nd. They set a “buy” rating and a $190.00 price target on the stock. Finally, Morgan Stanley lowered their price objective on Nucor from $166.00 to $154.00 and set an “overweight” rating for the company in a research report on Monday, February 3rd. Four analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $163.13.

Nucor Company Profile

Nucor Corporation engages in manufacture and sale of steel and steel products. It operates in three segments: steel mills, steel products, and raw materials. The Steel Mills segment produces hot-rolled, cold-rolled, and galvanized sheet steel products; plate steel products; wide-flange beams, beam blanks, and H-piling and sheet piling structural steel products; bar steel products, such as blooms, billets, concrete reinforcing and merchant bars, and engineered special bar quality products; and engages in the steel trading and rebar distribution businesses.